Legendary hedge fund manager Bill Fleckenstein trashed Warren Buffett and Charlie Munger for their stance on gold in an interview with King World News.
Fleckenstein railed against Buffett's assertions that gold bugs "want people to be as afraid as they are" and Munger's arguments that "civilized people don't buy gold":
“They’ve got a lot of these levered financial entities, and that’s helped them.
Warren Buffett and the rest of Berkshire Hathaway have made tons of comments on what they think of gold and similar metals. To sum up their comments, the vice chairman, Charlie Munger, said "Gold is a great thing to sew in to your g... Read Post
Warren Buffett hired 39-year old Todd Combs, a former Connecticut hedge fund manager with $400 AUM (assets under management), to oversee Berkshire Hathaway's portfolio. From FOXNews: "For three years Charlie Munger and I have been l... Read Post
My guest on Hedge Fund Radio this week is the legendary hedge fund manager Bill Fleckenstein, president of Fleckenstein Capital, based in Seattle, Washington. Bill graduated from the University of Washington with a major in Mathemat... Read Post